iShares U.S. Infrastructure ETF (BATS:IFRA) Holdings Raised by Cardinal Strategic Wealth Guidance

Cardinal Strategic Wealth Guidance lifted its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 13.0% in the third quarter, HoldingsChannel reports. The firm owned 30,969 shares of the company’s stock after purchasing an additional 3,554 shares during the period. iShares U.S. Infrastructure ETF accounts for 0.5% of Cardinal Strategic Wealth Guidance’s holdings, making the stock its 19th biggest position. Cardinal Strategic Wealth Guidance’s holdings in iShares U.S. Infrastructure ETF were worth $1,455,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Cetera Investment Advisers boosted its position in shares of iShares U.S. Infrastructure ETF by 155.2% in the first quarter. Cetera Investment Advisers now owns 501,707 shares of the company’s stock worth $21,754,000 after buying an additional 305,141 shares during the period. Sanctuary Advisors LLC acquired a new stake in iShares U.S. Infrastructure ETF during the 2nd quarter worth about $12,791,000. Kestra Investment Management LLC purchased a new position in iShares U.S. Infrastructure ETF during the 2nd quarter valued at about $11,516,000. Envestnet Asset Management Inc. increased its holdings in shares of iShares U.S. Infrastructure ETF by 3.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,913,506 shares of the company’s stock valued at $291,197,000 after purchasing an additional 209,698 shares during the period. Finally, AlphaQ Advisors LLC purchased a new stake in shares of iShares U.S. Infrastructure ETF in the first quarter worth approximately $4,188,000.

iShares U.S. Infrastructure ETF Stock Performance

IFRA stock opened at $46.68 on Friday. The stock’s 50 day moving average is $46.36 and its 200 day moving average is $44.47. The firm has a market capitalization of $2.57 billion, a PE ratio of 16.71 and a beta of 0.89.

iShares U.S. Infrastructure ETF Company Profile

The iShares U.S. Infrastructure ETF (IFRA) is an exchange-traded fund that is based on the NYSE FactSet U.S. Infrastructure index. The fund tracks an index of US-listed infrastructure companies that derive a significant portion of their revenue from within the US. IFRA was launched on Apr 3, 2018 and is managed by BlackRock.